Category Archives: Economy
We Are Not Worthy
Obama thinks you’re soft and lazy. Once again you have let him down. Or, as Rich Lowry puts it, “The president’s “lazy” comment is one of a series of remarks carrying an undercurrent of disapproval of the country he is so luckless to govern.”
Back in September Shelby Steele looked at the bigger picture by examining Obama’s distaste for American exceptionalism. Steele defines exceptionalism as the result of a “difficult rigor” based on individual initiative and responsibility.
“Anti-exceptionalism has clearly shaped his “leading from behind” profile abroad—an offer of self-effacement to offset the presumed American evil of swaggering cowboyism”
“At home the values that made us exceptional have been smeared with derision.”
“As a president, Barack Obama has been a force for mediocrity. He has banked more on the hopeless interventions of government than on the exceptionalism of the people. His greatest weakness as a president is a limp confidence in his countrymen. He is afraid to ask difficult things of them.”
In other words he’s just not that into you.
Super Savers
Issue 2 Dead in Ohio
Voters in Ohio supported public employee unions by voting “no” on issue 2 (a referendum on anti-union senate bill 5) by a 2 to 1 margin. It was a ringing endorsement of cops and firefighters. Teachers, not so much. More than half the school levies in the state failed.
Real Scandal
Politico had over 90 stories last week about the Herman Cain sexual harassment allegations. It’s still unclear just what is being alleged but it doesn’t appear to include pulling down his pants and ordering a subordinate to “kiss it”. That would be the charge against President Bill Clinton from about the same era.
Oddly, women’s groups swarmed to the defense of the “lovable rogue” and, after being impeached, he weathered the storm – minus his Arkansas law license.
None of us, however (at least not the 99%), weathered the storm caused by another scandal with racial overtones. Paul Sperry reported in IBD, how Clinton pressured financial institutions to make home loans to the un-creditworthy. Meanwhile, MSN Money quotes David Weidner, of Marketwatch, saying Clinton’s biggest mistake was the repeal of Glass-Steagall.
Business Week reported this week that, after stating a $4.4 billion loss for the third quarter, Freddie Mac will seek an additional 6 billion dollar bail-out from taxpayers.
